Trump news at a glance: president unleashes slew of new tariff rates for trading partners – and sets another deadline
The new tariffs, the next step in his trade agenda that will test the global economy, are set to go into effect in seven days. The extension reflects the government's need for more time to harmonize the tariff rates, AP reports, according to a senior official who spoke to reporters on condition of anonymity.
The order applies to 68 countries and the 27-member European Union. Rates were set at 25% for India's US-bound exports, 20% for Taiwan, 19% for Thailand and 15% for South Korea.
Trump also increased duties on Canadian goods to 35% from 25% for all products not covered by the US-Mexico-Canada trade agreement, but gave Mexico a 90-day reprieve from higher tariffs to negotiate a broader trade deal. Trump had threatened on Wednesday that Ottawa's move to recognise a Palestinian state would make agreeing a trade deal 'very hard'.
Asian shares fell on Friday after the tariffs announcement.
Read on for more on tariffs and other key US politics news of the day:
US president Donald Trump has signed an executive order imposing reciprocal tariffs ranging from 10% to 41% on imports from dozens of countries and foreign locations, as he extended the deadline for a tariff deal with Mexico by another 90 days.
Rates were set at 25% for India's US-bound exports, 20% for Taiwan and 30% for South Africa ahead of Trump's self-imposed deadline to strike trade deals with countries around the world by 1 August. Brazil's tariff rate was set at 10%, but a previous order signed by Trump placed a 40% tariff on some Brazilian goods, to punish the country for prosecuting its former president, Jair Bolsonaro, for trying to overturn an election he lost and inspiring his supporters to storm the seat of government.
Separately, the White House announced that Canadian imports will face tariffs of 35%, not the current 25%. Trump had threatened on Wednesday that Ottawa's move to recognise a Palestinian state would make agreeing a trade deal 'very hard'.
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Donald Trump signed an executive order on Thursday increasing tariffs on Canadian goods imported to the United States from 25% to 35%.
The new import tax rates goes into effect on Friday, according to a White House factsheet. The tariff would cover all products not covered by the US-Mexico-Canada trade agreement. Goods transshipped to another country to evade the new tariffs would be subject to a transshipment levy of 40%.
The decision comes after months of tariff threats from the Trump administration, and escalating trade tensions that have sowed anger in Canada.
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Donald Trump has threatened to use 'every tool in our arsenal' to crack down on pharmaceutical companies if they fail to cut drug prices for Americans within 60 days.
The president wrote to executives at 17 companies on Thursday, demanding they match their US prices for prescription drugs with the lowest price offered in other developed nations.
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Donald Trump signed an executive order on Thursday to bring back the presidential fitness test, a series of physical tests for schoolchildren in the US that was in place for decades but suspended 12 years ago to focus less on competition and more on healthy lifestyles.
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Senior aides to the defense secretary, Pete Hegseth, conducted polygraphs on their own colleagues this spring, in some cases as part of an effort to flush out anyone who leaked to the media and apparently to undercut rivals in others, according to four people familiar with the matter.
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The Federal Emergency Management Agency (Fema) denied requests for three Kentucky counties affected by severe storms last spring, and deemed the state ineligible for hazard mitigation grants that would help prepare for future disasters.
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British singer Jess Glynne says she feels 'sick' that the Trump administration was using her music to promote immigration deportations.
The Pentagon will remove 1,350 national guard troops from Los Angeles originally sent to the state by the Trump administration to deal with protests over its immigration policies.
Donald Trump evaded the question when asked if he agrees with Marjorie Taylor Greene that 'what is occurring [in Gaza] is a genocide'. Trump replied: 'Oh it's terrible what's occurring there, yeah', before repeating his complaint that 'nobody said thank you' when the US donated money to feed the people of Gaza, and his false claim that the recent donation of $30m was $60m.
Reuters reports the Trump administration has sent a letter to Harvard informing the university it has referred been referred to the Department of Justice, to address allegations of antisemitic discrimination.
Catching up? Here's what happened 30 July 2025.
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